Solomon Labs (SOLO)
Solomon Labs is a protocol on the Solana network that builds its own stablecoin
$USDv with high APR rewards for staking. Solomon aims to achieve this yield by building neutral spot-long/perp-short positions on major tokens via CEXs to capture funding and basis yields, auto-compounding them for efficient return growth, similarly to Ethena.
Solomon Labs aims to raise $2M via an ICO round on MetaDAO, with 10M $SOLO tokens allocated.
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